Bullish continuation- $SOL has recently bounced from the $186 support level and is approaching the $195 resistance. A breakout above $195 could target the $200–$205 range. Conversely, a rejection at this level may lead to a retest of support zones.
Fibonacci Levels:
Retracement status: 38.2% from recent highs.
Key price zones:
Support: $186 (38.2% Fib level)
Resistance: $195–$200 (61.8% Fib level)
A break above $200 could signal a move towards the $205–$210 range.
RSI:
Value: 61
Interpretation: The RSI indicates moderate bullish momentum, with room for further upside without entering overbought territory.
Entry Zones:
Safer: $186–$188 (near support)
Aggressive: $180–$182 (deeper retracement, higher risk)
Take-Profit Zones:
TP1: $195 (near-term resistance)
TP2: $200–$205 (next resistance levels)
Stop-Loss Ideas:
Conservative: $180 (below key support)
Tight: $185 (just below current support)
Summary:
$SOL is in a bullish trend, with key support at $186 and resistance at $195. A breakout above $195 could lead to further gains. Traders should monitor these levels closely for potential entry and exit points.
